Republic of Armenia: Staff Report for the 2006 Article IV Consultation and Third Review Under the Poverty Reduction and Growth Facility

International Monetary Fund

No 2006/433, IMF Staff Country Reports from International Monetary Fund

Abstract: Armenia’s economy continues to perform strongly. Prudent fiscal and monetary policies and ongoing structural reforms have contributed to double-digit growth in a low-inflation environment, a continued reduction in poverty, and a notable improvement in tax performance. The Poverty Reduction and Growth Facility (PRGF)-supported program is on track. Policy discussions centered around the appropriate monetary, exchange rate, and fiscal policy mix to maintain macroeconomic stability in the context of sizable foreign exchange inflows and on measures needed over the medium term to sustain and broaden economic growth.

Keywords: ISCR; CR; executive board discussion; fiscal policy; prudent fiscal policy; equivalent of SDR; authorities' reform effort; inflation objective; projection model; Exchange rates; Global; Baltics (search for similar items in EconPapers)
Pages: 83
Date: 2006-12-11
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